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3 results found
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5 votes
Appreciate you raising this suggestion. Being able to update an address once and have it reflected across related clients or entities could make managing family groups and corporate structures much easier.
We’ve moved this to Gaining Support so we can continue gathering feedback. If this would be useful, add your vote and share which client relationships or address fields you’d want to keep linked.
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CRAIG LIGERTWOOD
supported this idea
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139 votes
Thanks for your feedback on this idea, everyone. We appreciate wanting greater confidence when lodging amended returns.
Right now, though appreciate it's not ideal method - you can print the original draft tax return before you amend the return as a comparative.
We want to be upfront that we don't have any plans around developing this feature in the near term.
We'll continue to monitor the interest this idea keeps building for future consideration, and will share if there's any change.
CRAIG LIGERTWOOD
supported this idea
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An error occurred while saving the comment CRAIG LIGERTWOOD
commented
When amending an Australian Tax return, the amendment tax estimate only shows the new calculated tax assessment. This is confusing to clients.
The amendment Tax Estimate should show the original amount due/refund and the new amount with a clear line showing whether an amount is due or a refund is expected based on the amendment difference in calculation.
ie
Original Assessment $17000 due
Amended Assessment $15000 due
Result of this amendment $2000 refund -
117 votes
Hi community, we hear you on the challenges presented by the current process, and having to manually calculate this outside Xero.
Though we don't have immediate plans in the roadmap, this is a feature we'll take into future planning, and we'll be sure to update you all here of any progress.
For now, the best way to handle this is to continue to calculate the apportionment outside of Xero and then manually enter the figures. Thanks
CRAIG LIGERTWOOD
supported this idea
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An error occurred while saving the comment CRAIG LIGERTWOOD
commented
There are currently no rental worksheets for companies (as the ATO do not accept rentals on a CTR in PLS) in Xero Tax. These schedules are available in other software providers ie MYOB.
As clients have rentals in company format, it would be useful to at least have worksheets for each property to keep income and expenditure (and depreciation).
This would assist clients as they would have more detailed information for each property as well as a better audit trail. Also a time saving in data entry for the tax return.
The worksheet could simply then update the relevant income field 6G, expense field 6H and depreciation 6X in the Company tax return. The worksheet would not need to be included in lodgement.
In Xero Tax Aus, It use to allow when an address was updated in the Client page, any related entities popped up asking if you wished to update the related entity with that information.
This function appears not to now occur.
This results in having to re-enter addresses in multiple Client Pages.